Italian Labor Costs Rise In Q1 From Q4

By IBT Staff Reporter On 06/15/09 AT 5:45 AM

RTTNews - Italy's labor costs rose a seasonally adjusted 0.1% sequentially in the first quarter, the statistical office ISTAT said Monday. This comes after a 1% rise in the fourth quarter. During the first quarter, labor costs fell 0.1% in services, while they were flat in the industrial sector.

Year-on-year, labor costs increased an unadjusted 0.6% in the first quarter, reflecting a 1.1% rise in industrial labor costs and a 0.2% rise in that in services.